Nissay Asset Management Corp Japan ADV Reduces Stake in Procter & Gamble Company (The) $PG

Key Points

• Nissay Asset Management Corp Japan ADV reduced its holdings in Procter & Gamble by 6.0%, leaving it with 296,216 shares valued at approximately $50.5 million.
• Procter & Gamble announced a quarterly dividend of $1.0568 per share, resulting in an annualized dividend yield of 2.7%.
• In its latest quarterly report, Procter & Gamble achieved $1.48 EPS, exceeding analyst expectations, and reported revenues of $20.89 billion, up 1.7% from the previous year.

Nissay Asset Management Corp Japan ADV lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 296,216 shares of the company's stock after selling 19,010 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Procter & Gamble were worth $50,481,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PG. Northern Trust Corp grew its stake in Procter & Gamble by 0.8% in the first quarter. Northern Trust Corp now owns 29,644,000 shares of the company's stock valued at $5,051,930,000 after purchasing an additional 248,792 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Procter & Gamble by 13.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company's stock worth $3,660,737,000 after acquiring an additional 2,466,308 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Procter & Gamble by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock worth $2,966,252,000 after acquiring an additional 583,629 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Procter & Gamble by 0.6% during the first quarter. Royal Bank of Canada now owns 17,273,679 shares of the company's stock worth $2,943,779,000 after purchasing an additional 111,162 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Procter & Gamble by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 17,090,898 shares of the company's stock worth $2,911,989,000 after purchasing an additional 208,991 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Up 0.6%

NYSE:PG traded up $0.89 during trading hours on Friday, hitting $160.08. The company had a trading volume of 6,435,480 shares, compared to its average volume of 6,145,017. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average of $156.41 and a 200 day moving average of $162.21. The company has a market cap of $374.65 billion, a P/E ratio of 24.59, a P/E/G ratio of 4.22 and a beta of 0.36. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same quarter in the prior year, the company posted $1.40 EPS. The company's quarterly revenue was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were paid a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.6%. Procter & Gamble's dividend payout ratio is presently 64.98%.

Wall Street Analysts Forecast Growth

PG has been the subject of several recent research reports. BNP Paribas reiterated an "outperform" rating and set a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. UBS Group set a $180.00 target price on Procter & Gamble and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Wells Fargo & Company reduced their target price on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Finally, Barclays set a $164.00 target price on Procter & Gamble and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and a consensus price target of $175.12.

Insider Activity

In other Procter & Gamble news, CEO Jon R. Moeller sold 40,119 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $6,309,515.13. Following the sale, the chief executive officer owned 319,375 shares of the company's stock, valued at $50,228,106.25. This trade represents a 11.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andre Schulten sold 11,638 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,830,308.26. Following the completion of the sale, the chief financial officer directly owned 52,642 shares in the company, valued at $8,279,007.34. This represents a 18.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock worth $18,918,012 in the last quarter. Insiders own 0.20% of the company's stock.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.